Berlin is ready to send frozen Russian assets to Kyiv if there are legal grounds and support of allies.
Germany is ready to send frozen Russian assets to the restoration of Ukraine, provided there is a legal basis for this. Berlin also hoped that the Allies would do the same. Bloomberg reported this.
Chancellor Olaf Scholz’s government generally supports Ukraine’s demand for war reparations from the Russian Federation, but has not taken an official position on confiscating Russian assets due to disagreements with the ruling coalition.
German Foreign Minister Annalena Berbock insisted on the arrest of at least part of the frozen assets of the Russian Federation, media reports.
However, Finance Minister Christian Lindner is more cautious. He fears that confiscation of assets by the Russian Central Bank could set a dangerous precedent and lead to a “legal quagmire.”
The news agency said EU and G7 partners have frozen around 300 billion euros in Russian Central Bank reserves. The EU has also frozen nearly €19 billion in assets of Russian oligarchs under sanctions, although these estimates are incomplete.
Instead of a general confiscation, a legally more useful method would be to confiscate the assets of Russians involved in war crimes in Ukraine. However, such cases can take years to resolve, media reports.
“The details of the discussions show how the possibility of divestment goes beyond the theoretical debate and moves towards implementation, but the main obstacles remain. Scholz wants any action to agree to allies and legally clear,” sources said.
As previously reported, Germany has allocated 35 million euros for children in Ukraine.
We added that the German government is exploring the possibility of increasing the supply of weapons to Ukraine after the United States decided to supply the Patriot air defense system to Kyiv
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.